US STOCKS-Wall St pares gains after weak manufacturing data
* ISM index falls to worst levels since 2009
* Construction spending rises to near 8-year high
* Chicago Fed's Evans to speak later in the day
* Indexes up: Dow 0.60 pct, S&P 0.59 pct, Nasdaq 0.50 pct (Adds details, changes comment, updates prices)
By Tanya Agrawal
Dec 1 (Reuters) - Wall Street kicked off the last month of the year on a positive note but pared early gains after data showed the U.S. manufacturing sector contracted in November, falling to its worst levels since June 2009.
The Institute for Supply Management (ISM) said its index of national factory activity fell to 48.6, the first time the index went below 50 since November 2012. A reading below 50 indicates contraction in the manufacturing sector.
However, other data showed U.S. construction spending rose to a near 8-year high, suggesting the economy remains on firmer ground despite some slowing in consumer spending and persistent weakness in manufacturing.
Investors are keeping an eye on data for clues regarding the health of the U.S. economy that might enable the Federal Reserve to raise interest rates for the first time in nearly a decade. Continuación...